TEAM ELEVATE 7ON7: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
TEAM ELEVATE 7ON7 (EIN 83-1428973)
Tax period
2023-01-01 to 2023-12-31
Filed
2025-02-10
IRS object ID
202520459349301757
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-02-10T18:53:29-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN882675736PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Grants by Sandy LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1384AddressLine1Txt
CityIdaho FallsCityNm
State AbbreviationIDStateAbbreviationCd
ZIP83403ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

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EIN831428973EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TEAM ELEVATE 7ON7BusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTEAMBusinessNameControlTxt
Phone2096415497PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13801 RIBOT COURTAddressLine1Txt
CityMODESTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95356ZIPCd

Business Officer BusinessOfficerGrp

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PersonVince CarterPersonNm
Person TitlePresidentPersonTitleTxt
Phone2096415497PhoneNum
Signature2025-02-01SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSandy TyrrellPreparerPersonNm
PTINP02049410PTIN
Phone2083139777PhoneNum
Preparation2025-02-01PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerVINCE CARTERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13801 RIBOT COURTAddressLine1Txt
CityModestoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95356ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$225,271GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressFACEBOOK.COM/TEAM-ELEVATEWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2018FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionTO HELP THE UNDER PRIVILEGED KIDS OF OUR COMMUNITY THROUGH SPORTS, EDUCATION, AND LEADERSHIP, WHILE PROVIDING A WAY TO TRAVEL TO SEE THERE IS MORE OUT THERE IN LIFE THAN WHAT THEY SEE EVERYDAY.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers50TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$141,741PYContributionsGrantsAmt
CY Contributions Grants$225,271CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$141,741PYTotalRevenueAmt
CY Total Revenue$225,271CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$141,332PYOtherExpensesAmt
CY Other Expenses$177,000CYOtherExpensesAmt
PY Total Expenses$141,332PYTotalExpensesAmt
CY Total Expenses$177,000CYTotalExpensesAmt
PY Revenues Less Expenses$409PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$48,271CYRevenuesLessExpensesAmt
Total Assets BOY$0TotalAssetsBOYAmt
Total Assets EOY$48,271TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$0NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$48,271NetAssetsOrFundBalancesEOYAmt
MissionTO HELP THE UNDER PRIVILEGED KIDS OF OUR COMMUNITY THROUGH SPORTS, EDUCATION, AND LEADERSHIP, WHILE PROVIDING A WAY TO TRAVEL TO SEE THERE IS MORE OUT THERE IN LIFE THAN WHAT THEY SEE EVERYDAY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$177,000ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescOur program reaches from 160 to over 300 youths in our community. We currently have six divisions of athletes participating in our program. There are currently 26-27 youth in each division. Teams meet three times a week and once on the weekend if they are not playing in a tournament that weekend. We play a guaranteed 12-14 tournaments per division (6 divisions total). We do two annual San Francisco training camps. Here we take the kids to Baker Beach and do a workout in the sand. Then, we go up the street to Lyons Steps and the famous Jerry Rice Hill, to train. The Strength & Conditioning part of the program enables sponsored kids to attend Elevate after-school program. This provides them with sports strength & agility conditioning/Sport specific training. Usually, athletes come to these four to five times a week and during summer some do twice a day.Desc
Total Other Prog Srvc Expense$0TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$0TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$0TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$177,000TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
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Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
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Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
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Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMARINA CARTERPersonNm
Phone2096415497PhoneNum

US Address USAddress

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Address Line13801 RIBOT COURTAddressLine1Txt
CityMODESTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95356ZIPCd
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No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (2 entries)

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VINCE CARTER
PRESIDENT4040Yes (X)$0$0$0
MARINA CARTER
Secretary/Treasurer2525Yes (X)$0$0$0
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FS Audited0FSAuditedInd
Audit Committee0AuditCommitteeInd
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Schedule A IRS990ScheduleA

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Current Tax Year$225,271CurrentTaxYearAmt
Total$367,012TotalAmt

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Total$0TotalAmt

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Total$0TotalAmt

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Total$0TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$141,741CurrentTaxYearMinus1YearAmt
Current Tax Year$225,271CurrentTaxYearAmt
Total$367,012TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$367,012PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Post1975 UBTI Post1975UBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Net Income From Other UBI NetIncomeFromOtherUBIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$141,741CurrentTaxYearMinus1YearAmt
Current Tax Year$225,271CurrentTaxYearAmt
Total$367,012TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091PublicSupportCY509Pct
Public Support PY5091PublicSupportPY509Pct
Investment Income CY0InvestmentIncomeCYPct
Investment Income PY0InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, Line 11bSchedule O Explanation for Form 990 Review Process Team Elevate 7on7, Inc. Review Process for Form 990: Team Elevate 7on7, Inc. follows a structured review process before the submission of Form 990 to ensure accuracy and compliance with IRS regulations. The process is as follows: Preparation of Form 990: The Treasurer, with the assistance of an accountant or financial professional (if applicable), prepares the Form 990 using the organization's financial records. Financial data, including revenue, expenses, and governance information, is compiled from internal reports, bank statements, and accounting software. Internal Review by the Board: Once prepared, a draft of Form 990 is distributed to the President, Secretary, and Treasurer for initial review. Board members verify that financial information and governance details align with internal records. Any questions or discrepancies are discussed and corrected before finalization. Board Approval: The final version of Form 990 is presented at a board meeting or via email for official review. The Board of Directors votes to approve the return before submission. If necessary, the board seeks input from an external accountant or tax professional to ensure compliance. Submission to the IRS: Once approved, the Treasurer or designated representative submits Form 990 to the IRS. A copy of the filed return is retained in the organization's records for reference and compliance purposes. Public Access to Form 990: Upon request, a copy of the filed Form 990 is made available to the public, as required by law. The form may also be posted on the organization's website or shared with donors and stakeholders as part of transparency efforts.
Form 990, Part VI, Section B, Line 12c12c. Monitoring and Enforcement of the Conflict of Interest Policy Team Elevate 7on7, Inc. has a written conflict of interest policy that requires all officers, directors, trustees, and key employees to disclose annually any financial or personal interests that could create a conflict with the organization's activities. However, the organization does not have a formalized, documented process for regularly monitoring and enforcing compliance beyond the annual disclosure requirement. If a potential conflict arises, the Board of Directors reviews the situation on a case-by-case basis and determines an appropriate resolution. Board members with a potential conflict are required to recuse themselves from any discussion or vote related to the matter.
Form 990, Part VI, Section B, Line 1513. Whistleblower Policy Team Elevate 7on7, Inc. does not currently have a formal, written whistleblower policy. However, the organization encourages transparency and ethical conduct among its board members, officers, and volunteers. Any concerns about unethical behavior, financial misconduct, or violations of policies are informally reported to the Board of Directors for review and action. The organization plans to develop a formal whistleblower policy in the future to ensure a clear reporting structure and protections for individuals who report misconduct in good faith. 14. Document Retention and Destruction Policy Team Elevate 7on7, Inc. does not currently have a written document retention and destruction policy. However, financial records, governing documents, and other important records are retained in accordance with best practices for nonprofit organizations. The Board of Directors is responsible for ensuring that essential documents are securely stored and maintained for compliance and organizational transparency. The organization intends to develop a formal document retention and destruction policy to establish clear guidelines on the retention period for financial statements, tax returns, meeting minutes, and other key documents. 15. Compensation Review Process 15a. Process for Determining Compensation of CEO, Executive Director, or Top Management Official Team Elevate 7on7, Inc. does not have an Executive Director or CEO at this time. Compensation for top management officials is not determined through a formal review process involving independent persons, comparability data, or contemporaneous documentation. 15b. Process for Determining Compensation of Other Officers or Key Employees Compensation for officers, if any, is determined by the Board of Directors based on budget constraints and operational needs. The organization does not currently use a structured process with independent review or comparability data to determine officer or key employee salaries. 15c. Schedule O Explanation (If Applicable) If a structured process is introduced in the future, the organization will establish a compensation policy that includes: Reviewing compensation data from similar nonprofit organizations. Ensuring that any compensation decisions are documented in board meeting minutes. Conducting an independent review of salaries by non-interested board members.
Form 990, Part VI, Section C, Line 19Schedule O Explanation - Public Availability of Governing Documents, Conflict of Interest Policy, and Financial Statements Team Elevate 7on7, Inc. Public Access to Governing Documents, Conflict of Interest Policy, and Financial Statements Team Elevate 7on7, Inc. is committed to transparency and makes its key governing documents available to the public upon request. The organization follows the best practices for nonprofit accountability and ensures that stakeholders, donors, and the general public have access to important information regarding its operations and financial standing. Governing Documents (Articles of Incorporation & Bylaws): The organization's Articles of Incorporation and Bylaws are available for public inspection upon request. Requests can be made via email or written communication to the Board of Directors. If requested, a copy of these documents may be provided in digital or printed form. Conflict of Interest Policy: The Conflict of Interest Policy is available to board members, officers, and key employees. While the policy is not published on a public website, it can be made available upon request to donors, partners, or other interested parties. Financial Statements & Form 990: IRS Form 990: The organization's Form 990 is available to the public as required by law. A copy of the most recent Form 990 can be obtained: Through a request via email or written correspondence. From the IRS website or nonprofit transparency platforms such as GuideStar (Candid). Annual Financial Statements: While Team Elevate 7on7, Inc. does not routinely publish financial statements on a website, donors, stakeholders, or regulatory agencies may request financial reports as needed. The organization ensures compliance with public disclosure laws and will provide relevant governance and financial information to interested parties in a timely manner.
Form 990, Part IX, Line 24eInsurance $1,030.12 Bank Fees $1,533.55 Cost of Goods Sold $15,724.74 Uniforms/Protective Gear $16,475.59 Field Rentals $5,664.22 Lodging $17,777.39 Tournament Fees $20,105.02 Equipment/Supplies $8,052.68 Entertainment $417.73 Reimbursements $11,308 Transportation $25,821.03 Advertisement $5,464.94 Food/Snacks/Drinks $5,139.46 Admin & Filings $1,725.79 Contractors & Volunteers $40.760.00 Total Expenses. $177,000.26

Reasonable Cause Explanation ReasonableCauseExplanation

FieldValueIRS element (for citing)
ExplanationReasonable Cause for Late Filing - Form 990 (2023 Tax Year, Filed in 2024) To: Internal Revenue Service (IRS) Subject: Reasonable Cause for Late Filing of Form 990 for Tax Year 2023 Organization: Team Elevate 7on7, Inc. EIN: 83-1428973 Tax Year: January 1, 2023 - December 31, 2023 Filing Year: 2024 ________________________________________ Dear IRS Representative, We are submitting this written explanation to request the waiver of any penalties associated with the late filing of Form 990 for the tax year 2023. The delay in filing was due to reasonable cause and not due to willful neglect. Reason for Late Filing The late submission of Form 990 was due to Unforeseen Administrative Delays: The organization experienced unexpected delays in gathering financial records and ensuring the accuracy of reporting due to limited administrative resources. Corrective Action Taken * The organization has now completed and filed the Form 990 as soon as the issue was identified. * We have implemented internal compliance measures to ensure timely filings in future years, including setting reminders and seeking professional assistance when necessary. Request for Penalty Abatement Under IRS guidelines, penalties may be waived if the late filing was due to reasonable cause and not willful neglect. We respectfully request that any penalties be abated based on the circumstances described above. We sincerely appreciate your time and consideration. If any further information is required, please feel free to contact us at 208.313.9777. Sincerely, Marina Carter Treasurer Team Elevate 7on7, Inc.ExplanationTxt

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